HIGHLIGHTS ¦ DEMSA Newsletter

What you need to know this week

  • Unexpected Inflation Drop: UK’s inflation unexpectedly falls, potentially setting the stage for interest rate reductions.
  • FCA Horizon Scanning Event: Scheduled for 10am, 22 October 2024, discussing upcoming regulatory changes.
  • Insolvency Service Report: Highlights a concerning level of poor practice in the management of IVAs.
  • Rise in Personal Insolvencies: September 2024 sees a significant increase in personal insolvency cases in England & Wales.
  • MaPS Debt Advice Strategy: New proposals aimed at improving the delivery and effectiveness of debt advice services.
  • BNPL Regulation Progress: Government plans to regulate Buy Now, Pay Later products to enhance consumer protection.
  • FCA’s New AI Lab: An initiative to explore the integration of AI in financial services, focusing on safety and efficiency.
  • Credit Card Debt Increase: Notable growth in outstanding balances, raising concerns about rising consumer debt levels.
  • Cybersecurity Warning by NCSC: Calls for global collaboration to combat escalating cyber threats.
  • Upcoming Financial Services Events: Notable conferences including FCA, IPA, and Credit-Connect scheduled, highlighting industry developments and networking opportunities.

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See also  DEMSA Newsletter ¦ Summary